PhysicsWallah Posts Operating Revenue of 1,242.3 Crore Rupees, Turns Profitable in Second Quarter
Key Facts
PhysicsWallah reported operating revenue of 1,242.3 crore rupees in the second quarter of fiscal 2027, ended September 30, 2026, up 18% year on year, according to results data reported by Moneycontrol on November 4. The company posted a net profit of 143.6 crore rupees, compared with a net loss of 88.3 crore rupees in the year-earlier period. The results put revenue above its level in the first quarter and brought the company to quarterly profitability compared with a loss last year. Operating revenue in the previous quarter was 1,050.3 crore rupees. The quarter's performance combined revenue growth with a turnaround in net profit, while channel and operating expense data offer a view of its components.
Operating revenue came from two activities with different scale and growth rates. The online segment generated 693.5 crore rupees, equal to 55.84% of operating revenue, and its revenue rose 26.3% year on year. The offline segment recorded 541 crore rupees, up 9.1% from the year-earlier period. The figures show that online was the largest single revenue component and grew faster than offline during the quarter. Online channel growth therefore exceeded the 18% growth rate in overall operating revenue.
Total expenses rose 11% year on year to 1,105.4 crore rupees in the quarter ended September, from 999.6 crore rupees a year earlier, according to Moneycontrol. Expense growth was below the 18% increase in operating revenue over the same period. Other income added 93 crore rupees to the company's income, taking total income to 1,335 crore rupees, according to Entrackr. These items provide a broader picture than operating revenue alone: additional income alongside the core business, and expenses that grew more slowly than revenue. The available figures did not provide further detail on expense items or the company's explanation of the factors behind the return to profitability.
For the first half of fiscal 2027, operating revenue rose 20.8% to 2,293 crore rupees, compared with 1,898 crore rupees in the first half of fiscal 2026, according to Entrackr. The company posted a net profit of 55.35 crore rupees in the first half, versus a net loss of 57.30 crore rupees in the year-earlier period. This places the first-half result in a broader context than the single quarter, with net results moving from a loss to a profit year on year. The annual comparison shows operating revenue growth during the half, alongside a reversal in the profit and loss result. The earlier first-quarter comparison provides context on revenue's trajectory in the current fiscal year.
PhysicsWallah shares listed on the Bombay Stock Exchange fell 0.82% to close at 127.45 rupees on November 4, the day the results report was published, according to Moneycontrol. The close captures the stock's move in the session when the results were reported as an immediate market response to the quarterly figures. In the first quarter of fiscal 2027, operating revenue had risen 24% year on year to 1,054 crore rupees, while adjusted earnings before interest, taxes, depreciation and amortization were 135 crore rupees, with a 12.9% margin, according to a shareholder letter cited by FinancialFilings. The company also posted a net loss of 88 crore rupees in that quarter, compared with a loss of 127 crore rupees in the first quarter of the previous fiscal year, and earnings before interest, taxes, depreciation and amortization were 52 crore rupees. These figures provide context on the previous quarter, while the second-quarter result and reported net profit remain the focus of the current development.